Live-Work Triplex with Roof
1747 Tilghman Street Philadelphia, PA 19122
1747 Tilghman Street, Philadelphia, PA, 19122
$925,000
For Sale
$925,000
Newer construction triplex offering a live/work commercial unit plus two residential apartments, each with private roof decks.
Property Size4,160 SF
Price / SF$222.36
Days on Market131
Property Features for 1747 Tilghman Street
General Information
- Standard status
- Active
- Size
- 4,160 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2019
Listing agency
KW Empower
(215) 253-6818
Listed by
Christopher K Somers · License #RS278328
Source
Deepcreeklake
Added: Mar 13 Updated: Jul 20 at 3:15AM Checked: Jul 20 at 3:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
A newer construction live/work triplex featuring Unit 1 as a commercial space currently configured as a live/work artist studio apartment. Unit 1 includes two full bathrooms, washer and dryer, a deck, a basement, and parking. Units 2 and 3 are residential apartments, each with two bedrooms and two bathrooms, with Unit 2 also offering laundry, a wet bar, and a deck.
The property is located in South Kensington and described as being in an area experiencing rapid development and growth. It is also noted as being close to the Berks El Stop, as well as coffee shops and popular restaurants and bars.
An additional consideration is the stated tax abatement through January 2030, which may support cash flow for an investor or an owner-occupant.
The property is located in South Kensington and described as being in an area experiencing rapid development and growth. It is also noted as being close to the Berks El Stop, as well as coffee shops and popular restaurants and bars.
An additional consideration is the stated tax abatement through January 2030, which may support cash flow for an investor or an owner-occupant.
Key Highlights
- 2019‑built triplex with a live/work commercial unit plus two residential apartments
- Unit 1 (commercial live/work) includes 2 full baths, washer/dryer, deck, basement, and parking
- Unit 2 is a 2 bed/2 bath with a private roof deck, laundry, huge deck, wet bar, and a bedroom suite
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.3k | $25.80 |
| − Vacancy | −$5.9k | −$1.42 |
| EGI | $101.4k | $24.38 |
| − OpEx | −$30.4k | −$7.31 |
| NOI | $71.0k | $17.06 |
4,160 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.4K – $1.18M
NOI $70,990 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$934.8K
$817.9K – $1.09M
NOI $65,435 @ 7.0% cap · market cap 7.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Newer construction triplex offering a live/work commercial unit plus two residential apartments, each with private roof decks.
Where is this triplex located?
The property is located at 1747 Tilghman Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2019‑built triplex with a live/work commercial unit plus two residential apartments; Unit 1 (commercial live/work) includes 2 full baths, washer/dryer, deck, basement, and parking; Unit 2 is a 2 bed/2 bath with a private roof deck, laundry, huge deck, wet bar, and a bedroom suite
